PROPERTY TAX TIME IS THE BIGGEST FINANCIAL WIPE OUT OF THE YEAR. DEVELOPMENT FEES HAVE ALSO PUT ME IN DEBT $190 K.

MY FISCAL FINANCIAL YEAR RESETS AT PROPERTY TAX TIME. THE NOW $50,000. ANNUAL PROPERTY TAX BILL PRESENTS A CHALLENGE EVERY YEAR: WILL THE REMAINING EARNINGS OF THE 21 SUITES IN THE ROCKCLIFFE APARTMENTS AND THE THREE ADJACENT HOMES THAT COMPLETE THE RENTAL COMPLEX BE ENOUGH MONEY TO PAY THE TAXES? 

I MADE IT THROUGH THE REPLACEMENT OF TWO OF THE THREE HOUSE ROOFS, REFURBISHING FOUR APARTMENTS AND A HOST OF UTILITY FEES AND REPAIR AND REPAINT TRADESMAN'S BILLS.

 

I AM SURE THAT I WILL NOT HAVE THE NECESSARY FUNDS TO PAY ALL THE TAXES AND I WILL HAVE TO BORROW SOME MONEY. 

I HAVE HAD TO GO $200K INTO DEBT TO PAY DEVELOPMENT AND PROFESSIONAL FEES ON A FAMILY HOME GENERATING 4 LOT SUBDIVISION IN SASSENOS WHERE MY SON AND GRANDSON WILL LIVE. 

WHENEVER THE FIRST LOTS SELL MY LINE OF CREDIT WILL BE PAID DOWN AND I WILL GET MY ORIGINAL PAYMENT WHICH BOUGHT FIVE EIGHTS OF THE 3.5 ACRE LOT. THE CO-OWNER DEBORAH HAD ARRANGED TO HAVE SO MUCH PHYSICAL DEVELOPMENT THAT I OWN ONLY ONE THIRD OF THE LAND VALUE.

THE PART OF THE COSTS THAT DISTURBS ME IS THE AT LEAST $200K OF COSTS FOR PAPERWORK. THIS IS OUTRAGEOUS!